Fastenal Second-Quarter Earnings Top Estimates


The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. 2,704,041 shares of the company traded hands. (UPS) has risen 2.10% since July 14, 2016 and is uptrending. It has outperformed by 13.04% the S&P500. Florness told analysts on the company's earnings call it was a reflection that Fastenal is a service organization that is part of their customer's supply chain. Therefore 53% are positive. Fastenal had 37 analyst reports since July 21, 2015 according to SRatingsIntel. Old Financial Bank In has invested 0.02% of its portfolio in Fastenal Company (NASDAQ:FAST). The stock was bought at an average price of $44.75 per share, with a total value of $223,750.00. Argus raised shares of Fastenal Company from a "hold" rating to a "buy" rating and set a $54.00 price target on the stock in a research note on Tuesday, April 18th. Raymond James upgraded Fastenal Company (NASDAQ:FAST) on Thursday, July 13 to "Strong Buy" rating. The stock has "Outperform" rating by Robert W. Baird on Wednesday, July 12. William Blair also issued estimates for Fastenal Company's Q4 2017 earnings at $0.44 EPS, FY2017 earnings at $1.92 EPS and FY2018 earnings at $2.06 EPS. On Friday, July 14 the stock rating was maintained by Oppenheimer with "Buy". Macquarie Research initiated the stock with "Neutral" rating in Friday, August 26 report. Northern Trust Corp holds 0.06% or 4.50 million shares.

Net earnings of $148.9M, or $0.52 per share vs. $131.5M, or $0.45 per share, in the same quarter a year ago. It has underperformed by 16.70% the S&P500.

Since February 17, 2017, it had 1 insider buy, and 1 sale for $458,152 activity. BlackRock Inc. raised its position in shares of Fastenal Company by 3,168.1% in the first quarter.

OBERTON WILLARD D also sold $501,912 worth of Fastenal Company (NASDAQ:FAST) shares.

Fastenal is reporting maintaining its strong start to 2017 in its second-quarter reports, continuing the 50th year of business with the strongest sales and earnings growth since 2014.

The P/E ratio is now 24.01 and the market cap of the company is 12.15B. The Company's customers operate in a range of industries, including automotive fix, commercial vehicle maintenance, government, manufacturing, food processing, distribution, construction, oil and gas, mining, wholesale and service. It has a 23.56 P/E ratio. As of December 31, 2016, it distributed these supplies through a network of approximately 2,500 company-owned stores.

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The increase or decrease in volatility results from changes in investors emotions in the market place. Its up 0.17, from 1.03 in 2016Q3.

Several other institutional investors have also added to or reduced their stakes in the stock.

These funds have also shifted positions in (FAST). Salzhauer Michael stated it has 33,236 shares or 0.44% of all its holdings. Following the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $43,760. Fil invested in 0.01% or 68,188 shares. Hanson Mcclain holds 100 shares. Stock investors bought 8,210 put options on the company. This trading sentiment put the stock on Most Active spotlight. Cibc Markets owns 19,785 shares. Becker has invested 0.02% in Fastenal Company (NASDAQ:FAST). Fastenal attributes a big chunk -- 3.6 percent - of that growth to its recent acquisition of Manufacturer's Supply Co. The correct version of this report can be accessed at Utd Services Automobile Association reported 153,363 shares. Quantitative Systematic Strategies Ltd Liability Corporation holds 0.18% or 9,532 shares in its portfolio. Mairs And Incorporated reported 1.32% of its portfolio in Fastenal Company (NASDAQ:FAST). Schwab Charles Inv Management reported 134,292 shares. Its up 0.17, from 1.03 in 2016Q3. Its up 7.47% from 2.11 million shares previously. Utah Retirement holds 52,540 shares or 0.06% of its portfolio. Inside the closing six months period the stock's performance declined -8.15% while overall yearly performance lost -2.44%. Selz Lc reported 850,000 shares.

The number of industrial vending machines also increased, with installed devices reaching 66,577 at the end of June, an increase of 14.1 percent from the same time a year ago. Franklin Inc reported 0% stake. Neuberger Berman Group Ltd, a New York-based fund reported 4,714 shares. Except for share and per share information, dollar amounts are stated in millions. Bnp Paribas Arbitrage Sa has 79,887 shares. Ngam Advisors L P holds 255,470 shares. Tarbox Grp Inc invested in 56 shares.

The company saw a significant contraction of the market from 2014 through 2016. The Firm is engaged in research and development and sales of fuels and farnesene-derived products. It operates in the exploration and production segment of the gas and oil industry and its activities are conducted in the United States. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. The firm has "Neutral" rating by Credit Suisse given on Tuesday, September 15. (NYSE:UPS) earned "Equal Weight" rating by Barclays Capital on Wednesday, February 1. Stifel Nicolaus maintained the stock with "Buy" rating in Tuesday, January 19 report. Avondale maintained Fastenal Company (NASDAQ:FAST) on Thursday, April 7 with "Market Perform" rating.